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Mortgage Strategies: Take Me Out to the Ball Game!

Mortgage Strategies: Take Me Out to the Ball Game! While most people start off their mortgage search by going after the lowest rate, what they are really after is the mortgage with the lowest cost. Then again, the majority of borrowers in Canada end up with a mortgage that is

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Need an Appraisal – 7½ Tips for Success

Need an Appraisal – 7½ Tips for Success Do you need to get a current value of your property? Then you are going to need an appraisal. Banks and other lending institutions want to know the “current” market value of your home before they consider loaning money on the property.

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Stress Test Rate & Recent Decrease

Stress Test Rate & Recent Decrease Currently, all borrowers in Canada need to qualify for a new mortgage at the current Bank of Canada Benchmark Qualifying Rate or at their approved mortgage interest rate plus 2.0%, whichever is higher. For more than a year, this Bank of Canada Benchmark Qualifying

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Raise your credit score in 3 months

Raise your credit score in 3 months While people often think of mortgage brokers when they are first time home buyers, we can help people in a variety of different ways. Recently Garrett LaBarre of Calvert Home Mortgages in Calgary shared a success story with brokers. He had a client

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4 costs to consider as a first-time homebuyer

4 costs to consider as a first-time home buyer Oftentimes even the most organized and detail oriented first-time homebuyer can overlook some unexpected costs that come with the purchase of their new home. We are outlining 4 of the costs that we most commonly see overlooked by home buyers in

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Mortgages are like coffee

Mortgages are like coffee The most common question we get for mortgages is “what is your best rate?” Now imagine we walked into our local coffee shop and asked “what is your best price?” Doesn’t happen. There are all kinds of different coffees and lots of ways to make them.

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How to Save Money on a Variable Rate Mortgage

How to Save Money on a Variable Rate Mortgage A few years ago, I remember seeing a statistic that said that if you took out a variable rate mortgage instead of a fixed rate, you would do better in 95 out of the last 100 years. Often the spread between

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